TL; Fault DR
- Bitcoin price analysis is bullish today.
- BTC / USD returned above $ 62,000.
- The next goal is $ 65,000.
Bitcoin price analysis is bullish today as the highest level is set above the $ 62,000 resistance. Therefore, we expect the BTC / USD to continue to rise to the $ 65,000 mark over the next 24 hours.
The cryptocurrency market traded higher in the last 24 hours, with Bitcoin growing 2.25%. Atrium, meanwhile, grew 2.06 percent, while Fantom (FTM) rose 12 percent.
Bitcoin movement in the last 24 hours: Bitcoin returns above $ 62,000
BTC / USD traded in the range of $ 60,012.76 – $ 62,944.32, which shows a slight fluctuation over the past 24 hours. Trading volume increased by 6.58% to $ 37.4 billion, while the total market value was trading at about $ 1.17 trillion, resulting in market dominance of 47.12%.
4-hour chart BTC / USD: Does BTC look like $ 65,000 today?
In the 4-hour chart, we can see the $ 62,000 mark that is currently being tested as support, probably meaning that the cows are preparing to climb further today.
Bitcoin price performance has been strong so far this month. After a week-long rally above $ 41,000, a strong rally began on October 1st.
Since then, BTC / USD has risen more than 50 percent to a high of $ 62,900. However, the cows tried to maintain control over the weekend, resulting in $ 60,000.
When the $ 60,000 mark was re-tested as a support, a slight uptrend returned and the BTC / USD crossed the $ 62,000 level again. Yesterday, another short-term increase to $ 60,000 was accompanied by an increase today, pushing the price of bitcoin to the highest local level.
Bitcoin Price Analysis: Conclusions
Bitcoin price analysis is bullish as the market returned above $ 62,000 this morning and peaked. Therefore, we expect BTC / USD to continue to this day and its next major target is $ 65,000.
While you wait for the Fantom to move, read our guide to LTC bags, Gero bags and DeFi bags.
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